Mexican Media Brands
Opel Aims to Finalize Union Pact in Four Months
General Motors Co.'s Adam Opel unit and German labor union IG Metall have set a November deadline for reaching a definitive agreement on the company's restructuring, according to news reports.
#labor
Share
General Motors Co.'s Adam Opel unit and German labor union IG Metall have set a November deadline for reaching a definitive agreement on the company's restructuring, according to news reports.
Senior IG Metall official Oliver Burkhard tells Reuters the union is "absolutely determined" to create a roadmap for Opel through at least 2016. Burkhard says IG Metall will continue to urge a solution to the company's excess capacity that does not involve closing Opel's assembly plant in Bochum, Germany.
Opel announced on Wednesday that it intends to shutter the facility after 2016 to reduce excess capacity. The company wants workers to agree to postpone an annual wage hike. In exchange, Opel says it would agree to no-layoff promise through 2016.
RELATED CONTENT
-
Skilled-Trade Workers Reject GM Contract, Ratification in Limbo
The United Auto Workers union says its production workers ratified a new four-year labor contract with General Motors Co. by a 58% margin.
-
UPDATE: Unifor Ratifies GM Labor Pact by 86% Margin
Hourly workers at General Motors Co.’s CAMI assembly plant in Ingersoll, Ont., will vote today whether to accept an agreement to end a strike they began on Sept. 17.
-
GM Offers Buyouts to 18,000 Salaried Workers
General Motors Co. is launching a new round of buyouts for about 18,000 of its 50,000 white-collar employees in North America.